10, RICHMOND ROAD, WEST MERSEA, COLCHESTER, CO5 8PS - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 RICHMOND ROAD is a midsized extended detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £441,171. It was last sold for £390,000 in February 2021, which was around 12% below the average February 2021 detached price in the Colchester local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

10 RICHMOND ROAD Sold Prices

Land registry data shows four sales for 10 RICHMOND ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 10 RICHMOND ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 12 FEB	£390,000	£443,987	12% below HPI
2011 23 MAY	£250,000	£283,832	12% below HPI
2007 19 JUL	£245,000	£304,668	20% below HPI
1998 4 AUG	£86,000	£111,552	23% below HPI

10 RICHMOND ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The four 10 RICHMOND ROAD sales between August 1998 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2021 sale, which was also at 12% below the HPI.

What might 10 RICHMOND ROAD be worth now?

10 RICHMOND ROAD might now be worth an estimated £441,171.

This is based on house price inflation of 13.1%, between February 2021 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.1% inflationary increase is applied to the most recent sale price for 10 RICHMOND ROAD of £390,000 on 12th February 2021. For the value to have increased from £390,000 to £441,171 over the four years to February 2025, the following assumptions must hold true:

• The value of 10 RICHMOND ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2021 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 10 RICHMOND ROAD has not materially changed since February 2021.

How Large is 10 RICHMOND ROAD?

10 RICHMOND ROAD is 111m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 50% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 10 RICHMOND ROAD lies on this distribution: 45% of detached houses houses are smaller than 10 RICHMOND ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

10 RICHMOND ROAD: Plot and Title Map

10 RICHMOND ROAD sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 10 RICHMOND ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 10 RICHMOND ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 10 RICHMOND ROAD?

10 RICHMOND ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 10 on RICHMOND ROAD.